Terms & Conditions:
1. The name of the project shall be ICE Cottage, (A project of M/s. Sabir Construction) and the company shall offer Cottage on an ownership basis, to buyers on a first-come-first-served basis. All non-resident Pakistani living abroad is also eligible to apply for the plots.
2. All applications for booking and allotment shall be submitted on the prescribed form duly filled in and signed by the applicant along with a Cross Chequ / Pay Order / Demand Draft (Strictly No Cash Payment) drawn in the name of M/s. Sabir Construction Payment will be done as per the
3. The stage fixed for each and every installment for the payments shall be the essence of the A demand notice of fifteen (15) days shall be served to the buyer by post/courier. This will be followed by another reminder for Twenty (20) days for the payment of this installment at the address provided in the application form. If the payment is not received within the stipulated period, the company shall serve a final notice of Twenty (20) days and then cancel the booking/allotment. The amount received by the company till that time will be refunded when the said plot is rebooked by a new buyer and after deducting an amount equivalent to 20% of the total price of the plot. That after the cancellation notice has been issued; the builder may consider restoring the canceled allotment if the same has not been re-allotted a subject to an additional payment of Rupees 20/= per sq. yard Restoration charges. (The Restoration charges will be increased from time to time on an annual basis).
1. Apart from the price of the plot, the allottee shall also pay on demand the documentation expenses for lease registration, development charges (internal and external), water, electricity and gas charges, etc., such extra charges including miscellaneous charges which may be incurred by the company in fulfilling the formalities completed. Although the company would make every possible effort to obtain permanent electric connection and meters in the name of the individual allottee, the availability of the above-mentioned services entirely depends on the concerned authorities and the company will not accept any responsibility whatsoever if the availability of these services is delayed.
2. The allottee shall not sublet, transfer, or sell the plot to anyone else without the prior permission of the company. However, the allottee can transfer the plot after the company has received payment up to allocation i.e.e once the allotment has been made. The allottee shall pay Rs. 500/= per sq. yard as transfer charges.
3. The allottee shall abide by the existing rules and regulations prescribed by the company and the Capital Development Authority (CDA).
4. If for any reason the project is abandoned, the company will refund the installment received from the allottees within six (6) months from the announcement made to this effect. The allottees will not claim interest or damages of any nature whatsoever from the company.
5. The allocation of the plot shall remain provisional until such a time that full and final payments have been made by the allottee. Allocation of a particular number of commercial/residential plots of the project is provisional and the designing and/or layout of Indus City may be changed or altered by the company, on-demand of CDA.
6. The area of the plots mentioned is approximate. If the actual measurement of the area is found more or less, the buyers shall be charges on the actual allocated area on a proportionate basis. The positions marked are tentative and may be subject to changes due to technical reasons.
7. 1 O. The allottee shall pay all taxes etc. levied by Federal / Provisional Government, Local Bodies and municipal Bodies or any other authorities/agencies including those existing at present and those that may be levied by the above-mentioned / or other authorities in future.
8. The construction on the plot shall be strictly in accordance with applicable Rules and Regulations of CDA. A No-Objection Certificate (N.O.C.) shall have to be obtained from the company before submitting the building plans for the approval of the authorities. The company will give its N.O.C. after clearance of all dues of the company and payment by allottee of N.O.C. fee prescribed by the company. No construction on the plot shall be carried out without approval by the CDA and intimation of such approval, to the company.
9. The provisional allocation letter will be issued after receiving the amount of booking. Confirmation and Allocation.
10. An allotted plot’s location, size, and dimensions may change before or after development due to ground variation without prior notice.
11. That the allottee / Owner / Buyer of the plot shall under no circumstances at any point of time in the project have and/or hold any vested right, title, legal interest, etc. of whatsoever nature over and above any type or types of another area (s), space (0 premise(s) facilities, amenities, etc.
12. That a professional and experienced management company shall be engaged, nominated, and appointed by the builder/company/owner on a permanent basis as superintendent managers to manage, administrate, monitor, regulate, supervise and exercise effective control, etc. for the regular and periodical upkeep, maintenance, janitorial services and repairing, etc. along with the security affairs of the project and in this respect, all the allottees/occupants of the project shall be legally bound and undertake to enter into an agreement jointly and severally or as the case may be with the management company and shall undertake and be legally obligated to pay his/her/their share of expenses, charges, costs, advance or as may be negotiated and agreed upon, directly to the management company on receipt of the monthly bill/invoice/ by or before the monthly due date as may be prescribed in the agreement/contract.
13. That being the essence of the contract the Allottee/buyer shall automatically upon handing over the possession and or occupation of the plot enter into an agreement with the Management Company with the sole aim and objective to ensure proper maintenance and upkeep of the project/building and shall be liable to pay its share of the monthly charges. The Allottee/Buyer shall deposit with a reasonable amount as and when demanded towards these expenses.
14. That the location, premises, and space for the club, fitness center, community center, school, and hospital if provided and or any other space earmarked and duly specified will be sold; transferred, assigned, and conveyed a prospective buyer/purchaser the builder/company on ownership basis. However, the right of admission to the use of such facilities and amenities shall be restricted to members only in accordance with the rules and regulations as may be prescribed by the buyer/purchaser/owner/company/club and may as per normal standard practice be subject to the payment of a monthly subscription fee with additional payment for the usage charges for the use of such amenities and facilities to be billed/invoiced by the management and to be paid directly to the management.
15. That the allottee/buyer shall agree and will undertake to pay immediately on demand the extra charges along with visible and invisible, direct and indirect cost, charges and expenses being the legal advocate fees, document preparation charges, stamp duty, execution, and registration charges for the lease, sub-lease, amalgamation and sub-division charges, approval of plans and NOC Charges, of all relevant departments, agencies, authorities, corporations, etc. cost, charges and expenses towards electricity connection charges including load sanction charges, system development charges, construction of sub-station and or installation of PMT (pole-mounted transformer) with security and meter deposits, etc., cost. Charges and expenses towards, networking and laying of main of sewerage, water and gas connections and installation charges with security meter deposit cost, charges and expenses for excise and taxation department, assessment of property tax, conservancy cost, and fire tax, etc, will all other municipal taxes levies, duties, esses, etc. that may be imposed or levied during the development period and or up to the time of execution and registration of sub-lease or possession, whichever is later.
16. That it is expressly understood by the allottee/buyer that no claim for damages or otherwise will be made on or against the Builder / Company, if the company interrupts the construction work or is unable to keep the time schedule due to force majeure, war, natural calamities, mishaps, civil commotions, strikes, any departmental and or individual adverse action, go-slow tactics by the laborers, changes in fiscal policies of the Government and or any valid and tangible reason.
17. That the project is expected to be completed within the stipulated period. However, the progress will depend on the regular flow of installments from all the Allottees/Buyers, and availability of Funds/Material/Laborers, and normal conditions.
18. That the Allottee/Buyer to whom plot is transferred, assigned, or give possession shall sign all the applications, papers, and documents and do all acts, deeds, things, etc., and pay all outgoings, expenses, charges, fees, etc., as required and prescribed by the Builders/Company from time to time.
19. That at the time of issuance of Letter of Allocation, the Allottee/Buyer will be required to sign all the relevant applications, documents, authority letters.
20. I hereby agree to abide by the terms and conditions governing allotment of plots by Indus City and subsequently made thereunder.
I have carefully read and understood the above-mentioned terms and conditions and I shall abide by all the rules of Indus City (a project of I.B. Builders) and shall accept the decisions of the management committee as final.